SAN DIEGO-BASED PARALLEL CAPITAL PARTNERS LAUNCHES RENOVATION FOR RETAIL COMPONENT OF ICONIC ARIZONA CENTER

San Diego-based Parallel Capital Partners, which acquired the Arizona Center in a joint venture with Angelo, Gordon and Co. in late 2015, has broken ground on the $11.6 million renovation for the retail component of the iconic property, a16-acre mixed-use campus in downtown Phoenix. Phoenix’s original metropolitan entertainment destination is located at 3rd Street and Van…